Business Insurance
Data from Indonesia's Financial Services Authority showed that local insurers' premiums fell 6% year-on-year to nearly 176.3 trillion Indonesian rupiah ($12 billion) in August.
Posted: Oct 28, 2020
Just as national news networks continue to speculate who will prevail in this year’s presidential election, employers and health and safety experts are hypothesizing what the U.S. Occupational Safety and Health Administration would look like under a...
Posted: Oct 28, 2020
A former police captain who went on to work for eBay Inc. pleaded guilty on Tuesday to participating in a cyberstalking campaign against a Massachusetts couple whose online newsletter was viewed as critical of the e-commerce company.
Posted: Oct 27, 2020
The U.S. Environmental Protection Agency will allow farmers for the next five years to spray crops with a Bayer AG weedkiller whose sales were blocked by a U.S. appeals court in June, Administrator Andrew Wheeler said on Tuesday.
Posted: Oct 27, 2020
The different earnings prospects of the life insurance and property/casualty sectors, long-term trends in the insurance industry and the dilution of various tax benefits all likely played a role in American International Group Inc.’s decision announc...
Posted: Oct 27, 2020
Net written premium in the workers compensation industry for 2019 calendar year dipped slightly from the prior year to $42 billion for private insurers, according to a report released Monday by the National Council on Compensation Insurance.
Posted: Oct 27, 2020
A securities litigation lawsuit has been filed against a title insurance company and two of its officers in connection with a 2019 data breach.
Posted: Oct 27, 2020
Oilfield workers seeking overtime pay for the time it takes to put on and take off their protective clothing can proceed with their lawsuit despite the dismissal of their expert’s testimony, a federal appeals court said Monday in overturning a lower...
Posted: Oct 27, 2020
Delaware Insurance Commissioner Trinidad Navarro announced Tuesday that workers compensation insurance rates will decrease for the fourth year in a row, with the voluntary market seeing an average 11.56% reduction and residual market rates decreasing...
Posted: Oct 27, 2020
A New York appeals court on Thursday reversed a state board’s denial of a workers comp claim from a claims examiner who was injured while carrying boxes of yet-to-be-assembled office furniture that were delivered to his home for work use.
Posted: Oct 27, 2020
The Nevada Division of Industrial Relations’ Nevada Occupational Safety and Health Administration announced Monday that it has issued COVID-19 workplace safety-related citations to three event venues, including two related to a Sept. 12 rally in Las...
Posted: Oct 27, 2020
Brown & Brown Inc. on Monday reported third-quarter revenue of $674.0 million, up 8.9% from the year-earlier period as rates continued to rise amid the pandemic.
Posted: Oct 27, 2020
Swedish security firm Gunnebo AB said on Tuesday it was in contact with customers after hackers had released sensitive information about their accounts after its system was compromised two months ago.
Posted: Oct 27, 2020
When Captain Will Whatley guides a ship through Arctic waters, he is starkly aware of what can go wrong.
Posted: Oct 27, 2020
The Vermont Captive Insurance Association’s 2021 annual conference, slated to be held in Burlington in August, will be a virtual event.
Posted: Oct 27, 2020
Heavy rains in the last 10 days in the Indian state of Telangana have caused 86.3 billion Indian rupees ($1.2 billion) worth of damage to crops.
Posted: Oct 27, 2020
German insurer Talanx AG is acquiring Italian nonlife insurer Amissima Assicurazioni SpA from parent firm Amissima Holdings Srl.
Posted: Oct 27, 2020
U.S.-based electric vehicle maker Tesla Inc. has said that there is no defect with its Model S and Model X suspension and China is forcing an unnecessary recall.
Posted: Oct 27, 2020
Australia-based QBE Insurance Group Ltd. has appointed Richard Pryce as interim group chief executive.
Posted: Oct 27, 2020
Police data revealed that cyber attacks on U.K. businesses increased 31% year-over-year in May and June.
Posted: Oct 27, 2020
Environmental activists have said that stranded Venezuelan oil tanker Nabarima threatens to spill 1.3 million barrels in the Caribbean region.
Posted: Oct 27, 2020
A report by the World Bank Group said that rapid urbanization and economic development can intensify natural disaster risks for Vietnam's coastline and wipe billions of dollars over the next decade.
Posted: Oct 27, 2020
Amid a polarizing and fiercely fought presidential election campaign, several issues of concern to the property/casualty insurance industry could be influenced by the final result.
Posted: Oct 27, 2020
U.S. coal baron Robert Murray, an ally of President Donald Trump and a leading industry voice who called global warming a hoax, died on Sunday at age 80, U.S. media reported.
Posted: Oct 26, 2020
American International Group Inc. on Monday announced that Peter Zaffino would become CEO of the insurer effective March 1, 2021, replacing Brian Duperreault who will become executive chairman.
Posted: Oct 26, 2020